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Bitwise raises long term bitcoin target to sixteen million by 2036
Bitwise raised its long-term bitcoin price forecast to $1.6 million by 2036. The updated base-case forecast implies a 34.3% compound annual growth rate from the reference price.
- Bitwise raised its long-term bitcoin forecast to $1.6 million by 2036 with a 34.3% compound annual growth rate.
- The updated forecast relies on expanding addressable markets including store-of-value and institutional investment assets.
- Bitwise kept its assumptions about bitcoin market share percentages unchanged from the previous year.
XRP exchange reserves drop as token holds key support level
US spot Ethereum exchange traded funds record month of outflows
Binance resumes withdrawals in first phase after major hack
Next Technology plans to sell 5,833 BTC after Binance hack
Next Technology Holding, a Nasdaq-listed firm, announced its board approved selling or pledging its roughly 5,833 Bitcoin. The move follows the recent Binance security breach and worries about quantum computing threats.
U.S. spot Bitcoin exchange-traded funds record largest daily outflow since June
U.S. spot Bitcoin exchange-traded funds recorded $643.2 million in net withdrawals. The outflows wiped out four consecutive sessions of inflows and left the week and month negative.
Texas brothers receive prison sentences for armed crypto robbery and kidnapping
Two Texas brothers were sentenced to federal prison for an armed home invasion in Grant, Minnesota. The pair held a family at gunpoint for over nine hours.
Cryptocurrency exchange Binance suffers massive security breach involving billions
Binance suffered a security breach resulting in the theft of billions in digital assets. Attackers compromised the exchange's transaction-signing infrastructure.
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